Job description
About World Business Lenders ( www.wbl.com)
World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base of small and medium sized businesses throughout the United States that lack access to traditional funding.
WBL is a U.S. based company with a 100% remote workforce.
This is a remote Contract/Consultant position. Generally, working hours will be 9:00am-6:00pm Eastern, Monday through Friday, although hours worked may be greater based upon operational requirements.
The job requires excellent oral and written command of the English language.
Resumes must be submitted in English.
Location:
- 100% Remote for Turkey, LATAM and India
Essential Functions:
Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, toward most effective and efficient resolution
Supervise, train and develop Asset Resolution Department staff
Conduct proactive and effective portfolio management in accordance with established performance standards
Monitor and manage commercial litigation/bankruptcy/foreclosure activities, functions and deadlines
Direct/monitor/liaise with in-house and outside attorneys, collection agencies and other vendors that support the loss mitigation effort
Interact with customers and their counsel
Negotiate and propose settlement agreements and bidding instructions
Monitor loss mitigation workout performance and loss severity trends
Implement and communicate loss mitigation decisions
Maintain delinquency and loss mitigation reporting, including trend analysis and assessment
Conduct comprehensive analysis of debtors’ financial position, credit status, personal background, and historical payment performance
Facilitate negotiation and conflict resolution
Perform extensive quarterly review of portfolio being managed to confirm or reassess recovery estimates
Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and timely propose protective advances
Participate in budget preparation for the Asset Resolution Department
Other projects and duties as assigned.
Law degree (from a nationally accredited U.S. law school is a must)
Experience working in commercial litigation/bankruptcy/foreclosure/real estate loss mitigation
Demonstrated ability to successfully manage non-performing loan pools and REO
Experience supervising/developing/mentoring a case management staff
Litigation experience and familiarity with litigation management tools
Strong organization, decision-making and negotiation skills
Strong knowledge of applicable U.S. legal/regulatory guidelines, including bankruptcy and foreclosure
Demonstrated analytical and reasoning skills, and innovative approach to solving both practical and theoretical problems
Proficiency in all Microsoft Office applications
Strong work ethic with ability to thrive in a dynamic, deadline-driven environment
You must have your own laptop or desktop to use (the company does not supply equipment)
Excellent English fluency and communication skills, both written and verbal
Contract/Consultant position
100% WFH
USD salary
PTO available
